Energy Security Board (ESB): advice on National Energy Guarantee accepted by Commonwealth Government
On Tuesday 17 October, the Commonwealth Government accepted advice from the Energy Security Board (ESB) to establish a National Energy Guarantee.
The ESB has provided the COAG Energy Council with advice on changes to the NEM and legislative framework. This follows AEMO’s advice to the Federal Energy and Environment Minister on matters relating to dispatchable capability in the National Electricity Market.
The ESB specifically provided recommendations to support the provision of reliable, secure and affordable electricity with a focus on ensuring:
- the reliability of the system is maintained
- the emissions reduction required to meet Australia’s international commitments are achieved
- the above objectives are met at the lowest overall costs.